Experian Buys RentBureau For Undisclosed Sum >EXPN.LN

24th Jun 2010 09:04

LONDON (Dow Jones)--Experian PLC (EXPN.LN), a global information services company, said Thursday it has acquired the assets of RentBureau LLC, an aggregator of rental payment history data in the United States, for an undisclosed sum. MAIN FACTS: -Established in 2005, RentBureau has developed a National Rental Data Exchange database and system to capture rental payment history, rental collection data and lease applications. -At Dec. 31, 2009, RentBureau's estimated gross assets were approximately $1.7 million. -RentBureau was acquired from its founding shareholders and private investors. -It will form part of Experian's Credit Services activities in North America. -Shares at 0805 GMT flat at 614 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; [email protected] (END) Dow Jones Newswires June 24, 2010 04:04 ET (08:04 GMT)